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Updated about 9 years ago on . Most recent reply

User Stats

21
Posts
4
Votes
Nichole Menzies
  • Real Estate Broker
  • Atlanta, GA
4
Votes |
21
Posts

BLIND OFFER - HOW TO CALCULATE W/NO INFO?

Nichole Menzies
  • Real Estate Broker
  • Atlanta, GA
Posted

When sending an unsolicited purchase offer to a park owner, how can I calculate a good offering price while being sure I get a good cap rate when I don't have any property income & expense information? Please help.

Most Popular Reply

Account Closed
  • Investor
  • Oldsmar, FL
152
Votes |
140
Posts
Account Closed
  • Investor
  • Oldsmar, FL
Replied

I tried this once when I first started and I accomplished nothing more than freaking those sellers out.  People remember you.  Even now, those 8 owners (2 have since sold-not to me) I sent contracts to want nothing to do with me.  Just a little food for thought on that strategy.  

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